Form 4: Snowflake Executive Christian Kleinerman Sells 15,000 Shares

EVP of Product Management at Snowflake, Christian Kleinerman, sold 15,000 shares of Class A Common Stock at a price of $120.77 per share on November 6, 2024, according to a recent SEC Form 4 filing.

Summary

• Christian Kleinerman, EVP of Product Management at Snowflake Inc., reported a transaction involving the sale of 15,000 shares of Class A Common Stock on November 6, 2024.
• The shares were sold at a price of $120.77 per share.
• Following the transaction, Kleinerman directly owns 706,755 shares.
• Kleinerman also indirectly owns 58,568 shares through the Kleinerman 2020 Dynasty LLC, 33,499 shares through the Christian Kleinerman 2022 Grantor Retained Annuity Trust, and 100,000 shares through the Christian Kleinerman 2023 Grantor Retained Annuity Trust.
• The sale was executed under a pre-arranged 10b5-1 trading plan adopted on December 22, 2023.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies and are often related to personal financial planning rather than a reflection of the company's prospects.

Key Dates